March 13, 2025 /SemiMedia/ — According to CINNO Research, the top ten global semiconductor equipment suppliers are expected to generate over $110 billion in revenue in 2024, reflecting an annual growth rate of approximately 10%. The rankings remain largely unchanged, with the top five companies maintaining their dominance.

ASML continues to lead the global semiconductor equipment market, with revenue surpassing $30 billion, reinforcing its position as the leader in EUV lithography. Applied Materials follows in second place with approximately $25 billion in revenue, while Lam Research, Tokyo Electron (TEL), and KLA secure the third to fifth positions. These five companies collectively generate nearly $90 billion, accounting for 85% of the total revenue among the top ten suppliers.

Notably, China's NAURA Technology has risen to sixth place in 2024, making it the only Chinese semiconductor equipment manufacturer in the top ten. The company’s revenue from semiconductor equipment is projected to grow by 39.4% in 2024, driven by its advancements in etching, thin film deposition, and cleaning equipment.

The remaining companies in the top ten are Screen, Advantest, ASM, and Disco, ranked seventh to tenth, respectively.

Despite heightened global competition and stringent U.S. export controls on semiconductor technology and equipment, Chinese semiconductor equipment firms continue to strengthen their position in the market. Companies such as AMEC, Hwatsing, and ACM Research have made significant strides in etching, thin film deposition, and cleaning equipment, gradually establishing themselves in the global landscape.

Industry analysts anticipate that as China expands its semiconductor industry, domestic equipment suppliers will further enhance their presence in the global market, reshaping the competitive landscape of the semiconductor equipment sector.